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The white knight who came to the aid of embattled Internet firm Overstock.com last week was Toronto-based Fairfax Financial Holdings, which disclosed in an SEC filing that it bought 1 million shares from the teetering dot-com.

Last week, after vehement affirmations that its cash position was “fine,” Overstock issued 1 million shares in an unannounced transaction.

The $24 million raised saved it from almost certain financial hardship, as it reported $80 million in free cash outflow in the first quarter.

Yesterday, Overstock announced that a second 700,00-share sale – to raise $16.8 million – had been canceled in the wake of an SEC subpoena it received Tuesday night.

Fairfax, a Canadian insurance holding company, already had a large Overstock stake. A company vice-president told The Post it invests solely “for the very, very long term. We aren’t going to be very concerned about subpoenas or things like that.” Fairfax now owns 11.5 percent of Overstock’s stock and has over $33 million in the company’s convertible bonds.